San Antonio, Texas-based USAA launched a new total return fund on Monday. The firm's Total Return Strategy Fund will invest in stocks-ETFs, bonds and cash equivalents, according to a filing.

The fund's total operating expenses are 100 basis points, after a 29 basis point waiver by USAA IMCO.

Stuart H. Wester and Pamela Bledsoe Noble of the USAA Investment Management Company co-manage the fund.

The minimum investment in the fund is $3,000. 

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